Oldfield Partners LLP lowered its position in shares of DXC Technology (NYSE:DXC) by 91.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,807 shares of the company’s stock after selling 292,978 shares during the quarter. DXC Technology accounts for about 0.2% of Oldfield Partners LLP’s investment portfolio, making the stock its 16th biggest holding. Oldfield Partners LLP’s holdings in DXC Technology were worth $2,734,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of DXC. Advisory Services Network LLC acquired a new position in DXC Technology during the second quarter valued at approximately $101,000. Pinebridge Investments L.P. acquired a new position in shares of DXC Technology in the second quarter valued at approximately $106,000. Oppenheimer Asset Management Inc. acquired a new position in shares of DXC Technology in the second quarter valued at approximately $109,000. Westside Investment Management Inc. boosted its holdings in shares of DXC Technology by 3.4% in the second quarter. Westside Investment Management Inc. now owns 1,512 shares of the company’s stock valued at $118,000 after buying an additional 50 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of DXC Technology in the second quarter valued at approximately $147,000. Hedge funds and other institutional investors own 84.68% of the company’s stock.
Several research firms have recently weighed in on DXC. Zacks Investment Research upgraded shares of DXC Technology from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a report on Friday, October 20th. Cowen reiterated a “hold” rating and issued a $85.00 price target on shares of DXC Technology in a report on Thursday, October 12th. BMO Capital Markets upped their price target on shares of DXC Technology from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, October 12th. Evercore ISI began coverage on shares of DXC Technology in a report on Tuesday, October 17th. They issued an “outperform” rating and a $115.00 price target for the company. Finally, Citigroup upped their price target on shares of DXC Technology to $107.00 in a report on Wednesday, November 8th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $101.53.
DXC Technology (NYSE:DXC) last announced its earnings results on Tuesday, November 7th. The company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.40. DXC Technology had a net margin of 1.88% and a return on equity of 17.83%. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.07 billion. The business’s revenue was up 229.4% compared to the same quarter last year. equities research analysts predict that DXC Technology will post 7.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, December 6th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.71%. The ex-dividend date was Tuesday, December 5th.
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DXC Technology Profile
DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through two segments, Global Business Services (GBS) and Global Infrastructure Services (GIS). The GBS segment offers technology solutions comprising consulting, applications services, and software.
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